UFCThe Ultimate Fighting Championship (UFC) is a U.S.-based mixed martial arts organization, recognized as the largest MMA promotion in the world. The UFC is headquartered in Las Vegas, Nevada and is owned and operated by Zuffa, LLC. This promotion is responsible for solidifying the sport's postion in the history-books.
UFC is currently undergoing a remarkable surge in popularity, along with greater mainstream media coverage. UFC programming can now be seen on FOX, FX, and FUEL TV in the United States, as well as in 35 other countries worldwide.

The whopping payout also scored him a pair of Muhammad Ali's boxing gloves. Not just any old pair, either, but the same ones he used to defeat Floyd Patterson in their 1965 heavyweight title fight in Las Vegas, Nevada, according to ESPN.com.

Fertitta was on hand for the red carpet fundraiser, held at "Sin City's" MGM Grand Resort and Casino, to honor Ali's 70th birthday, as well as raise money for brain research, including the Cleveland Clinic Lou Ruvo Center for Brain Health and the Muhammad Ali Center in Louisville, Kentucky.

"The Greatest" has been fighting Parkinson's disease for almost 30 years.

So, how does Arum factor into the equation?

"Bigot Bob," who in the past referred to UFC fighters as juiced-up homosexual skinheads, was forced to drop his usual anti-MMA tirade and play nice during the auction, because Fertitta would only raise his bid for the famous gloves, which at the time was approaching $750,000, if Arum openly admitted he loved the UFC.